Current Affairs 4 May 2021

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NATIONAL AFFAIRS

Nirmala Sitharaman Virtually Inaugurated India’s 1st 3D Printed House at IIT-M

Union Finance Minister, Nirmala Sitharaman virtually inaugurated India’s 1^st 3D printed house at the Indian Institute of Technology Madras (IIT-M), Chennai, Tamil Nadu.

• The single-storey home has been built in just five days over an area of about 600 sq. ft using ‘Concrete 3D Printing”
• TVASTA Manufacturing Solutions, a start-up founded by IIT-M alumni in association with Habitat for Humanity’s Terwilliger Centre for Innovation in Shelter built the 3D Printed House.
• The 3D Printed House would help to meet the deadline of Prime Minister Narendra Modi’s vision of the ‘housing for all’ scheme by 2022.
• TVASTA Manufacturing was set up as part of the, Ministry of Housing and Urban Affairs’s ASHA Incubator.

Gist about 3D printing:

3D Printing, commonly known as additive manufacturing, is the computer-controlled sequential layering of materials to create three-dimensional shapes. From automobile to jewellery to healthcare, the technology is used in a wide range of industries. The Global market of 3D printing is expected to reach 34.8 billion USD by 2024.

In 2020, the Ministry of Electronics and Information Technology released the National Strategy for Additive Manufacturing.

INTERNATIONAL AFFAIRS

NATO Launches Multinational Military Exercise ‘DEFENDER-Europe 21’ in AlbaniaThe North Atlantic Treaty Organisation (NATO) launched the Joint Multinational Military Exercise  ‘DEFENDER-Europe 21’ in the port of Durres in Albania, the exercise began on April 26, 2021 and will go on till June 10, 2021.

• ‘DEFENDER-Europe 21’ is led by the United States (US). It is an annual exercise held between US and NATO Countries to build readiness and interoperability.
• Around 28, 000 US & NATO forces from 26 nations participated in the drills.
• It is the 1st such large-scale drills since World War-II in the Western Balkans region.

North Atlantic Treaty Organization (NATO):
i.It is an International Alliance of 30 countries from North America and Europe.
ii.It is based on the North Atlantic Treaty which was signed on 4 April, 1949.
About North Atlantic Treaty Organization (NATO):
Secretary General – Jens Stoltenberg
Headquarters – Brussels, Belgium
>>Read Full News

BANKING & FINANCE

Sebi Imposed Fine of  Rs 1.75 Cr on Several Entities in Vakrangee Case

A total fine of Rs 1.75 crore was imposed by Markets regulator SEBI(Securities Exchange Board of India) on several entities for indulging in fraudulent trading in the scrip of Vakrangee Ltd. The entities have violated Prohibition of Fraudulent and Unfair Trade Practices norms.

• In one of the two orders a fine of Rs 50 lakh each was imposed on a group of 22 connected entities and on a group of 16 entities.
• And in another order a fine of Rs 75 lakh  was imposed on the connected group of 27 entities.

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AWARDS & RECOGNITIONS        

Shyamala Ganesh Received the 3rd Highest Order of Japan, Order of The Rising Sun from The Consulate-General of JapanShyamala Ganesh,79, the former director of the Japanese Language School, received the 3rd highest order decoration of Japan, Order of the Rising Sun, under the class Gold and Silver Rays from the Consulate-General of Japan in Bengaluru, Karnataka.

• She received the order for her contribution in spreading the Japanese culture and language in Karnataka and other parts of India and for promoting the friendship and goodwill between Japan and India.

Key points:
i.She is also the former President of the Bengaluru Chapter of Ohara-Ryu Ikebana and supported to popularise the cultural traditions of Ikebana, Japanese flower arrangements. Along with her husband Ganesh she has started a Japanese language school in 1983.
ii.Since the establishment of the Consulate-General of Japan in Bangalore, this is the first time a Bengalurean has been conferred with the Japanese government’s honour.
Other Winners:
i.Former Principal Secretary to Prime Minister of India, Nripendra Misra won the “Order of the Rising Sun, Gold and Silver Star” for his Contribution in strengthening the economic relationship between Japan and India.
ii.Former President of the Ikebana International Gurgaon Chapter, Indira Misra won the “Order of the Rising Sun, Gold and Silver Rays” for the Contribution to promote Ikebana in India and friendly relations between Japan and India.
iii.Former Local Employee, Consulate General of Japan in Mumbai, Luis Anton Fernandes won the “Order of the Sacred Treasure, Silver Rays” for Contribution to the activities of the Japanese overseas establishment.
About the Order of the Rising Sun and its class: 
It is the third-highest order national decoration awarded by the Japanese government and it was established in 1875 as Japan’s first order and it was awarded in 6 classes in which the 5th Class of Gold and Silver Rays is ordinarily conferred upon individuals who have made significant contributions to Japan in varying degrees.
About Consulate-General of Japan in Bangalore, Karnataka:
Consul-General – Ms. Sugita Akiko
About Japan:
Capital –  Tokyo
Currency – Japanese yen
Prime Minister – Yoshihide Suga

APPOINTMENTS & RESIGNATIONS          

T Rabi Sankar appointed as the 4th Deputy Governor of RBIThe Appointment Committee of the Cabinet(ACC) chaired by Prime Minister Narendra Modi has appointed T Rabi Sankar, the Executive Director of Reserve Bank of India(RBI) as the 4th Deputy Governor of RBI. ACC has cleared his appointment for a period of 3 years or till his date of superannuation.

• He succeeds B P Kanungo, who retired on 2nd April 2021 after serving one year extension period.
• RBI cannot hold more than 4 deputy governors. The other 3 Deputy Governors of RBI are Mahesh Kumar Jain, Michael D Patra and Rajeshwar Rao.

About Reserve Bank of India(RBI):
RBI was originally established as a private organisation and was nationalised in 1949.
Established on April 1, 1935
Governor– Shaktikanta Das
Headquarters– Mumbai, Maharashtra
>>Read Full News

Former Supreme Court Judge P C Pant appointed Acting Chairperson of NHRC

Justice (retired) Prafulla Chandra Pant (PC Pant), a Former Supreme Court Judge had been appointed as Acting Chairperson of  National Human Rights Commission (NHRC) with effect from April 25, 2021.He Succeeds Justice H.L. Dattu, whose tenure ended on December 2, 2020.

• His appointment was authorized by President of India, Ram Nath Kovind.
• The term of office of the NHRC Chairperson and members of the NHRC is for five years or till the age of 70 years, whichever is earlier.

Gist About Appointment:

i.NHRC Chairperson should be Chief Justice of India or a Judge of the Supreme Court.

ii.Section 2 Sections 3 and 4 of The Protection Of Human Rights (Amendment) Act (TPHRA) lay down the rules for appointment to the NHRC. The Chairperson and members of the NHRC are appointed by the President of India, on the recommendation of a committee consisting of:

• The Prime Minister (Chairperson), The Home Minister, The Leader of the Opposition in the Lok Sabha (Lower House), The Leader of the Opposition in the Rajya Sabha (Upper House), The Speaker of the Lok Sabha (Lower House), The Deputy Chairman of the Rajya Sabha (Upper House).

About National Human Rights Commission (NHRC)
Secretary General (CEO of Commission) – Bimbadhar Pradhan, IAS
Headquarters – New Delhi
>>Read Full News

Vijay Goel Takes Additional Charge as the CMD of THDC India Ltd

• Vijay Goel, Director(Personnel) of THDC India Limited (THDCIL) has taken over the additional charge as the Chairman and Managing Director (CMD) of THDCIL from May 1, 2021.He Succeeds Dhirendra Veer Singh (DV Singh), whose tenure ends on April 30, 2021.

About Vijay Goel:
i.Vijay Goel joined THDCIL as a senior personnel officer(SPO) from NHPC ltd.
ii.He has worked in the field of human resource management.
iii.He has also served as the General Manager and he was incharge of corporate communications law and arbitration functions.
About THDC India Limited:
CMD (additional Charge)- Vijay Goel
Headquarters– Rishikesh, Uttarakhand

ACQUISITIONS & MERGERS        

Motilal Oswal PE Acquired a Minority stake in Fincare Small Finance Bank for ₹185 croreOn May 03, 2021, Motilal Oswal Private Equity (MOPE) has acquired a minority stake in Fincare Small Finance Bank (Fincare SFB) for $25 million (about ₹185 crores) through a secondary acquisition.

• The key investor in Fincare SFB, True North Fund V LLP got a partial exit from the firm after the deal of MOPE with Fincare SFB.
• The deal was done by one of the growth capital funds of MOPE called India Business Excellence Fund–III (it was managed and advised by MOPE).
• Secondary Acquisition – It means the acquisition of existing shares of the company by the trust on the platform of a recognised stock exchange for cash consideration.

About Fincare SFB:
It is a Non-Banking Finance Company – Micro Finance Institution (NBFC-MFI), which was turned into a small finance bank in 2017. Before converting into a small finance bank, it was predominantly conducting business from two entities such as West India based Disha Microfin and South India-based Future Financial Services.
About Small Finance Bank:
i.They are established as public limited companies in the private sector under the Companies Act, 2013 and governed by the provisions of RBI Act, 1934 and Banking Regulation Act, 1949.
ii.Eligibility: Resident individuals/professionals with 10 years of experience in banking and finance will be eligible as promoters to set up small finance banks.
iii.Capital Requirement: The minimum paid-up equity capital should be ₹200 crores (US$28 million).
About Motilal Oswal Private Equity (MOPE):
Establishment – 2006
Headquarters – Mumbai, Maharashtra
MD and CEO – Vishal Tulsyan
About Fincare Small Finance Bank (Fincare SFB):
Establishment – 2017
Headquarters– Bengaluru, Karnataka
MD & CEO– Rajeev Yadav

SCIENCE & TECHNOLOGY

World’s Largest Aeroplane built by Stratolaunch completes Test FlightThe World’s Largest Aeroplane codenamed ‘Roc’  successfully completed its 2nd Test Flight. The Aeroplane being built by Stratolaunch, an US based Aerospace Company was tested at Mojave Air and Space Port in California, US.

• The Aeroplane has 2 flights under its belt and has a wingspan of 385 feet (117 feet).
• It is designed to transport hypersonic vehicles and facilitate easy access to space. It is also capable of launching rockets from high altitude.
• It is capable of carrying 550, 000-pound payload and can achieve a top speed of up to 190 mph (320 kph).
• The 1st flight of the Aeroplane was done in April, 2019.

Background
i.Stratolaunch was established in 2011 by Microsoft co-founder Paul Allen.

• In 2019, Stratolaunch was acquired by US based Cerberus Capital Management.

About Stratolaunch
President & CEO – Jean Floyd
Headquarters – Mojave, California, USA

SpaceX Returns 4 Astronauts to Earth from ISS; in a Rare Night Splashdown off Florida coastOn May 02,2021, a SpaceX Crew Dragon capsule, Resilience carrying 4 astronauts returned from the International Space Station(ISS) and splashdown into the Gulf of Mexico off the coast of Panama City, Florida, USA after a six-and-a-half-hour flight.

• Since the arrival of Apollo 8 in the Pacific Ocean on December 27, 1968, this was the U.S. crew’s first night time splashdown (in darkness).
• The 4 Astronauts were: Victor Glover, Mike Hopkins and Shannon Walker (3 from America) and Soichi Noguchi (one from Japan)

Background:
i.On November 15, 2020, from NASA’s Kennedy Space Center the 4 astronauts (Victor Glover, Mike Hopkins, Shannon Walker, Soichi Noguchi) were aboard SpaceX’s Crew Dragon spacecraft and Falcon 9 rocket under SpaceX Crew-1 mission for a 6-month science mission to ISS.
ii.Now they came back in the same capsule called Resilience after 167 days-mission, after their undocking now 7 people left in the ISS.
iii.The next astronaut launch of SpaceX for NASA was planned over in October 2021.
About Crew-2 mission:
On 23rd April 2021, SpaceX through its Falcon 9 rocket sent 4-astronauts to the International Space Station (ISS) on a NASA commercial crew mission, “Crew-2 mission” from the Kennedy Space Center in Florida, USA. Click here to know more
About SpaceX:
Establishment – 2002
Chief Executive Officer – Elon Musk
Headquarters – California, USA
About National Aeronautics and Space Administration (NASA):
Establishment – 1958
Administrator – Bill Nelson (14th NASA administrator)
Chief Scientist – Jim Green
Headquarter – Washington D.C, United States

SPORTS

Lewis Hamilton wins F1 Portugese GP 2021;Jack Miller wins 2021 Spanish Grand Prix of MotoGPMercedes’ driver Lewis Hamilton (Britain) won the Portuguese Grand Prix 2021 of Formula One (F1) held at Algarve International Circuit in Portimao, Portugal.  It is Hamilton’s 97th Career Victory.
i.Moto GP – In MotoGP, Australia’s Jack Miller (Ducati) won the 2021 Spanish GP held at Circuito de Jerez, Andalusia, Spain.
Formula One- Portuguese Grand Prix 2021:
i.Red Bull Racing Honda’s Max Verstappen (Netherlands) finished 2nd followed by Mercedes driver Valtteri Bottas (Finland).

• It is the 15th time that an Formula 1 Podium (highest in F1 history) has been held by the Trio of Hamilton, Verstappen & Bottas (in no particular order).
• The F1 Championships are organised by Federation Internationale de l’Automobile (FIA).

MotoGP
i.Australia’s Jack Miller (Ducati) won the 2021 Spanish GP held at Circuito de Jerez, Andalusia, Spain. Italy’s Francesco Bagnaia (Ducati) finished 2nd, followed by Italy’s Franco Morbidelli (Yamaha).

• The MotoGP championships are organized by Federation Internationale de Motocyclisme (FIM).

About Federation Internationale de Motocyclisme (FIM)
President – Jorge Viegas
Headquarters – Mies, Switzerland
About Federation Internationale de l’Automobile (FIA):
President – Jean Todt
Headquarters – Paris, France
>>Read Full News

Sri Lankan Cricketer Thisara Perera retires from International CricketSri Lanka all-rounder and former limited overs captain for Sri Lanka – Thisara Perera announced his retirement from International Cricket at the age of 32.
i.Thisara Perera has represented Sri Lanka in 6 Tests, 166 One Day Internationals (ODIs) & 84 Twenty20 Internationals (T20I).
ii.He was part of the Sri Lankan Team which won the 2014 T20 World Cup which was held in Bangladesh.
iii.He is one of the 3 players (other than Brett Lee & Lasith Malinga) to have taken hat-tricks in both ODI & T20I formats.
>>Read Full News

Indian Gymnast Pranati Nayak Gets Asian quota, to compete at 2020 Tokyo Olympics

Pranati Nayak, 26-year-old Indian Gymnast from West Bengal, is set to compete at the 2020 Tokyo Olympics. She has won the bronze in vault at the Asian Artistic Gymnastics Championship 2019. She has qualified through the Asian quota.

• She is the 2nd reserve after Elpitiya Badalge Dona Milka Geh of Sri Lanka for the Asian quota.
• Both the Gymnasts will compete in the Olympics starting on 23rd July 2021.

ICC Banned Sri Lanka’s Nuwan Zoysa from Cricket for 6 years due to Corruption 

In April 2021, the International Cricket Council (ICC) banned SriLanka’s former cricket player and coach Nuwan Zoysa for 6 years from all forms of cricket after found breaching the ICCs anti-corruption code. On October 31, 2018, he was provisionally suspended by ICC.

OBITUARY

Colonel Gulam Mohammad Khan, the 1982 Asian Games Gold Medallist Rider Passed Away The 1982 Asian Games gold medallist rider, Colonel Gulam Mohammad Khan died on May 01, 2021, in Pune, Maharashtra. Along with his team, he won the gold medal in Eventing at the 1982(9th) Asian Games in New Delhi.

• He was honoured with an Arjuna Award in 1984.

About Colonel Gulam Mohammad Khan:
In 1973, he joined the Indian Military Academy and he has been the captain of the Army Service Corps (ASC) team from 1980-1990 and during his captainship, his team won the National title 6 times and he also became 4 times individual National Champion in Eventing.
Medal Records of Gulam under Equestrian (Horse Riding):

He gained the highest place of any Indian rider (he was 4th in the Eventing and 9th in the Dressage (1986 Asiad)).
About 1982 Asian Games:
The 9th Asian Games (also known as Asiad) were held from 19 November to 4 December 1982, in New Delhi, India and that was also the first Asian game to be held under the aegis of the Olympic Council of Asia.
About Eventing:
It is also known as three-day eventing or horse trial and it is an equestrian event where a single horse and rider combine and compete against other competitors across the three disciplines of dressage, cross-country, and show jumping.

Veteran Gujarati and Hindi Film Actor Amit Mistry Passed Away at 47.

Veteran Gujarati and Hindi Film Actor Amit Mistry passed Away at the age of 47 after suffering a cardiac arrest .
i.Actor Amit Mistry worked in TV shows like Tenali Rama, Madam Sir and played roles in many films like Yamla Pagla Deewana, Shor In The City.
ii.He was also actively involved in the theatre circuit especially in Gujarati shows. He had also acted in Gujarati films.
iii.Besides acting, he was also a dialogue writer and director. He was most recently seen playing the role of the protagonist’s uncle in the web series Bandish Bandits.

BOOKS & AUTHORS

Satyajit Ray’s book “Another Dozen Stories” translated from Bengali to English by Indrani MajumdarSatyajit Ray’s book titled “Another Dozen Stories” is translated from Bengali to English by Indrani Majumdar. The book was released on 2nd May 2021, the 100th Birth anniversary of Satyajit Ray, one of India’s greatest filmmakers.

• The foreword of the book was written by veteran actress Sharmila Tagore.
• The book was published by Penguin India.

About Another Dozen Stories:
‘Another Dozen Stories’, a kids book, is a collection of 12 magical and spooky stories.
This illustrated edition is a tribute to Satyajit Ray’s knowledge of literature.
Additional info:
Another book of Satyajit Ray titled “3 Rays: Stories from Satyajit Ray”, a collection of Satyajit Ray’s previously unpublished autobiographical writings, stories, poems, illustrations, fiction and non-fiction works will be published by Penguin India.
Note:
Ministry of Information and Broadcasting (I&B) has announced a year-long celebration across India and abroad to mark the 100th birth anniversary of Satyajit Ray.

IMPORTANT DAYS

World Press Freedom Day 2021 – May 3i.The United Nations(UN)’s World Press Freedom Day is annually observed across the globe on 3rd May. The day is dedicated to the freedom of press and highlights the need for the government and people to respect their commitment to press freedom.
ii.The day focuses on the challenges and issues faced by the journalists and other media professionals.
The theme of World Press Freedom Day 2021 is “Information as a Public Good”.
iii.Maria Ressa, Investigative journalist and media executive from the Philippines has been named the winner of the UNESCO/Guillermo Cano World Press Freedom Prize 2021. 
>>Read Full News

World Tuna Day 2021 – May 2The United Nations(UN)’s World Tuna Day is annually observed across the globe on 2nd May to create awareness about the importance of Tuna and to promote sustainable fishing practices.
World Tuna Day is observed to promote the conservation and sustainable stock management of deep-sea species.
Background:
The United Nations General Assembly (UNGA) adopted the resolution A/RES/71/124 on 7th December 2016 and proclaimed the 2nd May of every year as the World Tuna Day.
The first World Tuna Day was observed on 2nd May 2017.
>>Read Full News

World Laughter Day: May 2World Laughter Day is celebrated every year on the first Sunday of May  and this year it falls on 2^nd May.The day is celebrated to raise awareness about laughter and its many healing benefits. More than 70 countries around the world are celebrating World Laughter Day on this occasion
About World Laughter Day
i.The first world laughter day was celebrated on 10th May 1998 in Mumbai,India organised by Dr.Madan Kataria.
ii.Dr. Madan started the Laughter Yoga movement in 1995 with an aim that facial feedback hypothesis postulates that a person’s facial expressions can have an effect on their emotions. It builds a global consciousness of brotherhood and friendship through laughter.
iii.”HAPPY-DEMIC” was the first World Laughter Day gathering outside India. It took place at Town Hall Square in Copenhagen, Denmark, in 2000, more than 10,000 people were gathered.
>>Read Full News

STATE NEWS

IAS Officer Tripurari Sharan appointed as Chief Secretary of BiharOn 1^st May 2021, Senior IAS Officer Tripurari Sharan has been appointed as  Chief Secretary of Bihar.He will serve only for a period of two months.He succeeds Arun Kumar Singh who died of Covid-19.
About Tripurari Sharan:
i.Tripurari Sharan is an 1985 batch IAS(Indian Administrative Service)  officer.
ii.Tripurari Sharan is the second most senior officer in the rank of Chief Secretary after Arun Singh.
iii. He was currently working as the chairman of the revenue council. Sanjeev Kumar Sinha (1986 batch) will replace Tripurari Sharan in the Revenue Council.

Himachal Pradesh initiates ‘Parvat Dhara Yojana’ to Rejuvenate Water SourcesThe State Government of Himachal Pradesh has initiated ‘Parvat Dhara Yojana’ to revive, recharge aquifers (underground layer which contains water) and conserve natural resources of water in the state.
Objective – To enhance water level by retaining water for the maximum period.
i.It is set to be implemented in 10 districts of Himachal Pradesh.
ii.An outlay of INR 20 Crore has been set aside for implementation of the scheme.
iii.Forest Department of Himachal Pradesh will implement the scheme in forest areas.
Key Points
i.The scheme was announced in the Himachal Pradesh State Budget for the FY 2020-21.
ii.The scheme will provide irrigation facilities in sloping fields, Forest Department.
About Himachal Pradesh
Chief Minister – Jai Ram Thakur
Governor – Bandaru Dattatreya
Capital – Shimla
>>Read Full News

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